Deal Announcement: BRiC Partnership was acquired by RTM Engineering Consultants
Updated: 2 days ago
Las Vegas, NV, May 26, 2022 - Blackcastle Partners is pleased to announce the sale of BRiC Partnership to RTM Engineering Consultants.
BRiC Partnership ("BRiC") is a leading Illinois-based engineering firm established in 2002. The Company has 42 employees in four offices located in Belleville,IL, Springfield, IL, St. Louis, MO, and Evansville, IN. BRiC provides mechanical, electrical, plumbing / fire protection, information technology systems design and construction administration services to higher education, government, secondary/elementary education, healthcare, commercial, corrections, office buildings, and physical plant clients; it also provides commissioning and retro-commissioning services.
RTM Engineering Consultants is a national engineering consulting firm offering services in mechanical, electrical, plumbing, civil engineering, fire protection, technology, and commissioning. The Company has an extensive set of capabilities that allows it to deliver superior work on industrial, commercial, and retail builds as well as other complex building types such as healthcare and laboratory facilities. RTM's expanded team of 250+ engineering professionals, now located in 17 offices across the country and licensed in all 50 states, provides "national resources and local relationships" to its growing client base of architects, developers, and owners. RTM press release: https://rtmec.com/expanding-our-reach-in-the-midwest
Blackcastle Partners acted as an exclusive advisor to BRiC Partnership. The transaction closed in mid-May, 2022; the terms of the deal were not disclosed. For more on how buyers evaluate MEP firms, see our guide to MEP engineering M&A.
Blackcastle Partners is a sell-side M&A advisory firm for owners of privately held engineering, architecture and environmental consulting firms in the United States and Canada. We represent owners in sales to strategic acquirers and private equity–backed platforms, and advise on ownership transitions. For more about our work, visit blackcastlepartners.com.
Blackcastle M&A Advisory for AEC and Environmental Firms
(949)614-5564 info@blackcastlepartners.com
